The stock is trading at high levels at all times. Why is this a strong buy?
1. The Stock has given a breakout on a monthly as well as weekly chart.
2. When the stock breached the important levels, the volume was significantly high.
3. It has given a good close after the breakout and sustained the selling pressure.
4. The Nifty Financial Index is also in favour.
Note: This stock can give 20-30% returns in the coming 1-2 months. This is the right moment to invest in this sector for potential returns.
Stop Loss: Though the stock has given a breakout, for confirmation, we have to see whether it will sustain throughout the week or not. If the weekly close is above our levels, we will add some more quantities.
1. The Stock has given a breakout on a monthly as well as weekly chart.
2. When the stock breached the important levels, the volume was significantly high.
3. It has given a good close after the breakout and sustained the selling pressure.
4. The Nifty Financial Index is also in favour.
Note: This stock can give 20-30% returns in the coming 1-2 months. This is the right moment to invest in this sector for potential returns.
Stop Loss: Though the stock has given a breakout, for confirmation, we have to see whether it will sustain throughout the week or not. If the weekly close is above our levels, we will add some more quantities.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.